Zeckendorf Development | The Real Deal New York

The Real Deal New York

trd topics
X


NAME


EMAIL


SUGGESTED
UPDATE


[wpgdprc "By using this form you agree with the storage and handling of your data by this website."]

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Zeckendorf Development

445 Park Avenue, #1902
New York, NY 10022
(212) 207-3172

Zeckendorf Development is a privately owned real estate development firm headed by the multi-generational Zeckendorf family, which became known for selling the United Nations its 17-acre East Side location. Today, the firm has sold nearly $4 billion in high-end housing. The firm has a number of highly successful properties under its belt, including 515 Park Avenue and 15 Central Park West, the latter of which set record apartment prices in 2007. More recently, Zeckendorf developed a formerly vacant lot in the Turtle Bay neighborhood and created the 43-story 50 United Nations Plaza. Zeckendorf partnered with Global Holdings (with which Zeckendorf also collaborated on 15 Central Park West). The luxury apartment building was initially seen as less successful than other Zeckendorf properties, as many of the building’s units sold for less than asking price in 2015. The firm has said it is okay with the slow but steady rollout of units in the building as long as higher prices are achieved.


02/14/19
...In the early aughts, several multimillion-dollar homes at Zeckendorf Development’s 515 Park Avenue — a limestone tower that former U.S. Sen. and New Jersey...

02/07/19
...and Arthur Zeckendorf Two more $30 million-plus penthouses at Zeckendorf Development...

02/06/19
...year’s priciest sale — a $73.8 million penthouse at Zeckendorf Development’s 520 Park Avenue, to vacuum-cleaner mogul James Dyson. The firm’s Noble Black Team...

...year’s priciest sale — a $73.8 million penthouse at Zeckendorf Development’s 520 Park Avenue, to vacuum-cleaner mogul James Dyson. The firm’s Noble Black Team...

01/29/19
...off the year is another penthouse closing at Zeckendorf Development’s 520 Park Avenue. The duplex penthouse sold for $64.25 million, according to records filed with...

01/26/19
...In November 2018, he bought a six-bedroom penthouse at Zeckendorf Development’s 520 Park Avenue for $73.8 million. - Decca Muldowney...

01/11/19
...of Finance. Telles bought another unit at the Zeckendorf Development building on the 33rd floor for $30 million in 2014. The condo spans 2,367 square feet, according...

01/11/19
...less than its asking price. Another penthouse at Zeckendorf Development...

01/04/19
...was then, this is now. In recent months, Zeckendorf Development quietly joined the ranks of developers opting to split once-massive penthouses into two or...

01/02/19
...direction, embracing incentives and commission increases. For example, Zeckendorf Development is currently offering a higher-than-normal 4 percent commission to buyers’ brokers at 50 United Nations Plaza...

12/27/18
...means capturing higher prices during the next upswing. Zeckendorf Development — whose 50 United Nations Plaza is not sold out after four years — is said to...

12/24/18
...pricey sales. But the sale of unit 52 at Zeckendorf Development’s 520 Park Avenue was in a different echelon. The deal for the 9,200-square-foot duplex...

12/20/18
...and Arthur Zeckendorf Another penthouse has closed at Zeckendorf Development’s 520 Park Avenue — and it marks the third closing over $60 million at the condominium...

12/18/18
...sale of 2018 was James Dyson's penthouse purchase at Zeckendorf Development...

12/17/18
...developers to join the project, including Extell Development, Zeckendorf Development and HFZ Capital. But those developers balked at letting Ceruzzi Properties hold onto the...

12/17/18
...six bedrooms and a 279-square-foot balcony. Closings at Zeckendorf Development’s 35-unit building, designed by Robert A.M. Stern, began in September. Other reported...

12/11/18
...Getty Images) The latest unit to close at Zeckendorf Development’s 520 Park Avenue sold for $17 million. The anonymous buyer of Unit 14 is listed as...

12/06/18
...Park Avenue UPDATED, Dec. 6, 4:45 p.m.: Closings at Zeckendorf Development’s 520 Park Avenue keep rolling in — and the latest is another penthouse. The unit...

12/03/18
...and 520 Park Ave) As the closings continue at Zeckendorf Development’s 520 Park Avenue, the latest deal to hit city records is for $30 million. The...

12/03/18
...pricey sales. But the sale of unit 52 at Zeckendorf Development’s 520 Park Avenue was in a different echelon. The deal for the 9,200-square-foot duplex...

...pricey sales. But the sale of unit 52 at Zeckendorf Development’s 520 Park Avenue was in a different echelon. The deal for the 9,200-square-foot duplex...

11/28/18
...is the buyer of the $62 million penthouse at Zeckendorf Development’s 520 Park Avenue. The deal — one of the priciest this year — closed this month...

11/26/18
...Images and 520 Park Avenue) A duplex penthouse at Zeckendorf Development...

11/26/18
...In the early aughts, several multimillion-dollar homes at Zeckendorf Development’s 515 Park Avenue — a limestone tower that former U.S. Sen. and New Jersey...

11/20/18
...Dyson has closed on his $73.8 million penthouse at Zeckendorf Development...
Zeckendorf Development, Associate Broker
445 Park Avenue, New York, NY, (212) 207-3172
...
It Properties Management, Real Estate Salesperson
1965 Broadway, Suite 21J, New York, NY
...
Zeckendorf Development, Real Estate Salesperson
18 Gramercy Park South, New York, NY, (212) 207-3172
...
Zeckendorf Development, Real Estate Salesperson
445 Park Avenue, New York, NY, (212) 207-3172
...
Zeckendorf Development, Real Estate Salesperson
650 Madison Avenue, New York, NY, (212) 207-3172
...
Zeckendorf Development, Associate Broker
823 First Avenue, New York, NY, (212) 207-3172
...

William Zeckendorf Sr. was a New York City developer, whose sons and grandsons...
  • Event Financing
  • Address 45 East 60th Street
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 251,892
  • Price $ 0
notes
The owner of the Lenox Hill property secured a $175 million loan.
  • Event Financing
  • Address 520 Park Avenue
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 47,679
  • Price $ 50,000,000
notes
The developer acquired an additional $50 million in construction financing for the 54-story Robert A.M. Stern-designed condo tower.
  • Event Financing
  • Address 45 East 60th Street
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Price $ 25,000,000
notes
The entity secured a refi of $25 million, in addition to an existing $50 million loan, totaling $75 million.
  • Event Financing
  • Address 520 Park Avenue
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Price $ 75,000,000
  • Publication Date 05/01/2017
  • Event Date 03/17/2017
  • Party 1 Zeckendorf Development
  • Party 2 Children's Investment Fund
notes
The $75 million refi consolidated a new $25 million mortgage with a previous $50 million loan which was issued in 2014.
  • Event Residential Sales
  • Building Name 18 Gramercy Park South
  • Address Unit 10, 18 Gramercy Park South
  • Unit 10
  • Neighborhood Gramercy
  • Borough Manhattan
  • Square feet 4,207
  • Price $ 17,768,463
  • Price per foot $ 4,223.55
  • Publication Date 11/16/2015
  • Event Date 11/03/2015
  • Party 1 Zeckendorf Development
  • Party 1 Entity W2005Z/18Gps Realty, LLC
  • Party 1 Entity 18 Gps Holdings LLC
  • Event Residential Sales
  • Building Name 18 Gramercy Park South
  • Address Unit 15, 18 Gramercy Park South
  • Unit 15
  • Neighborhood Gramercy
  • Borough Manhattan
  • Square feet 4,207
  • Price $ 18,000,000
  • Price per foot $ 4,278.58
  • Event Residential Sales
  • Building Name 18 Gramercy Park South
  • Address Unit 14, 18 Gramercy Park South
  • Unit 14
  • Neighborhood Gramercy
  • Borough Manhattan
  • Square feet 4,207
  • Price $ 13,916,932
  • Price per foot $ 3,308.04
  • Publication Date 05/08/2015
  • Event Date 04/17/2015
  • Party 1 Zeckendorf Development
  • Party 1 Entity W2005Z/18Gps Realty, LLC
  • Party 1 Entity Gps 14 Holdings Inc.
  • Event Financing
  • Address 520 Park Avenue
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Publication Date 12/01/2014
  • Event Date 10/22/2014
  • Party 1 Zeckendorf Development
  • Party 1 Brokerage JLL
  • Party 2 Children's Investment Fund Management
notes
A $450 million construction loan was arranged for the 51-story condo
  • Event Retail Leasing
  • Address 15 Central Park West
  • Neighborhood Lincoln Square
  • Borough Manhattan
  • Square feet 11,000
notes
The bank inked a lease for an 8,000-square-foot ground-floor space and a 3,000-square-foot second-floor space. The reported asking rent was $400 per square foot on the ground level and $125 per square foot on the second floor. The new branch will replace an existing one at Broadway and West 64th Street, allowing restaurateur Daniel Boulud to claim the space and expand his Bar Boulud next door.
  • Event Retail Leasing
  • Address 15 Central Park West
  • Neighborhood Lincoln Square
  • Borough Manhattan
  • Square feet 25,000
  • Publication Date 08/01/2008
  • Event Date 06/22/2008
  • Party 1 Zeckendorf Development
  • Party 1 Brokerage Cushman & Wakefield
  • Party 1 Broker Gene Spiegelman
  • Party 2 West Elm
  • Party 2 Brokerage Retail Strategies
  • Party 2 Broker Mark Finkelstein
notes
The home furnishings retailer signed a lease for 3,000 square feet of ground-level space and 22,000 square feet on the second floor. The reported asking rent was $400 per square foot on the ground floor and $125 per square foot for the upper-level space.
  • Event Retail Leasing
  • Address 15 Central Park West
  • Neighborhood Lincoln Square
  • Borough Manhattan
  • Square feet 46,000
notes
The consumer electronics retailer inked a $75 million, 15-year lease that includes 6,200 square feet of ground-floor retail space and 65 feet of frontage on Broadway.
Manhattan, 10003
Zeckendorf Development, W2005Z/18GPS REALTY, LLC
The sponsor(s) filed plans on 12/19/11 for a condo project at 18 Gramercy...
Manhattan, 10022
Zeckendorf Development, EAST SIDE REAL ESTATE
...
Manhattan, 10065
ZECKENDORF DEVELOPMENT, 41-45 PROPERTY OWNER LLC
The sponsor(s) filed plans on 03/03/14 for a condo project at 520 Park...
Manhattan, 10019
GLL BVK COLUMBUS CIRC
4 Columbus Circle is a low-rise, limestone-clad office building in the Columbus Circle...
Manhattan, 10023
ZECKENDORF DEVELOPMENT, W2001Z/15 CPW REALTY, LLC
The sponsor(s) filed plans on 04/29/05 for a condo project at 15 Central...

...William Lie and Arthur launched their own firm, Zeckendorf Development, with 515 Park Avenue. (And in 1999, they also repurchased all of the unsold units at...

07/15/15
...up,” he said. Fourth in the ranking was Zeckendorf Development’s limestone classic, 15 Central Park West, with $194.3 million in resales across just 14 units. Taking...

...down the pike, including the $130 million penthouse at Zeckendorf Development’s 520 Park Avenue, the $150 million penthouse at the former Sony building at 550 Madison Avenue...

...near it. (They include JDS’ 111 West 57th Street, Zeckendorf Development’s 520 Park, Vornado Realty Trust’s 220 Central Park South and Macklowe Properties’ 432 Park, none...